Establishes a National Integrity Commission as an independent statutory agency which will consist of the National Integrity Commissioner, the Law Enforcement Integrity Commissioner and the Independent Parliamentary Advisor and provide for: the investigation and prevention of misconduct and corruption in all Commonwealth departments, agencies, and federal parliamentarians and their staff; the investigation and prevention of corruption in the Australian Federal Police and the Australian Crime Commission; and independent advice to ministers and parliamentarians on conduct, ethics and matters of propriety. Also provides for the establishment of a Parliamentary Joint Committee on the National Integrity Commission; and makes consequential amendments to the

to: provide that, where a bankrupt becomes a bankrupt again, the income contribution obligations and contribution assessment period for the first bankruptcy will cease; provide that ceasing income contributions to a trustee in an earlier bankruptcy in the event of a second bankruptcy does not limit the ability of the trustee in the later bankruptcy to exercise certain powers; amend notification requirements to provide that a bankrupt or discharged bankrupt must notify the trustee within 10 business days of changes to their name, address and phone number during the ‘prescribed period’; clarify the period for which eligible discharged bankrupts must continue to make income contribution payments to the bankrupt estate; extend the requirement to make certain income contribution payments to persons who are eligible to make these payments, but have been automatically discharged after one year; ensure that a bankrupt or discharged bankrupt will ordinarily be liable for income contributions for at least three contribution assessment periods; provide that determinations regarding supervised account regimes apply post discharge and throughout the contribution assessment periods, and only cease when the bankrupt is no longer liable to pay a contribution; extend the obligations and duties on a bankrupt to keep and produce records of income, employment and financial transactions or dealings; provide for an automatic discharge after one year of bankruptcy and related transitional arrangements; and enable the extension of a period of bankruptcy on the basis of an objection by a trustee or official receiver.

to: prohibit terms of a modern award or an enterprise agreement requiring or permitting contributions for the benefit of an employee to be made to any fund other than a superannuation fund, a registered worker entitlement fund or a registered charity; require any term of a modern award or enterprise agreement that names a worker entitlement fund or insurance product to provide for an employee to choose another fund or insurance product; prohibit any term of a modern award, enterprise agreement or contract of employment permitting or requiring employee contributions to an election fund for an industrial association; and prohibit any action with the intent to coerce an employer to pay amounts to a particular worker entitlement fund, superannuation fund, training fund, welfare fund or employee insurance scheme;

Fair Work (Registered Organisations) Act 2009

to: require registered organisations to adopt, and periodically review, financial management policies; require registered organisations to keep credit card records and report certain loans, grants and donations; require specific disclosure by registered organisations and employers of the financial benefits obtained by them and persons linked to them in connection with employee insurance products, welfare fund arrangements and training fund arrangements; and introduce a range of new penalties relating to compliance with financial management, disclosure and reporting requirements; and

and five other Acts to give the Australian Prudential Regulation Authority additional powers for crisis resolution and resolution planning in relation to regulated entities, including in relation to: statutory and judicial management; directions powers; transfer powers; conversion and write-off of capital instruments; stay provisions; foreign branches; the Financial Claims Scheme; and wind-up and other matters.

to: establish the Banking Executive Accountability Regime (BEAR) to impose accountability, remuneration, key personnel and notification obligations on authorised deposit-taking institutions and persons in director and senior executive roles; and provide the Australian Prudential Regulation Authority (APRA) with additional powers to investigate potential breaches of the BEAR and extend these powers to APRA’s other supervisory functions; and

to enable the Australian Prudential Regulation Authority (APRA) to makes rules and directions relating to the provision of finance by non-authorised deposit-taking institution lenders which APRA has identified may materially contribute to risks of instability in the Australian financial system; remove restrictions on the use of the term ‘bank’; and insert an objects provision; the

National Consumer Credit Protection Act 2009

to: require that the suitability of a credit card contract is assessed on the consumer’s ability to repay the credit limit within a certain period; prohibit providers from making unsolicited credit limit offers in relation to credit card contracts and from retrospectively charging interest on credit card balances; and enable consumers to reduce credit card limits and terminate credit card contracts, including by online means; and

to replace the Exploration Development Incentive with the Junior Minerals Exploration Incentive, which will enable junior exploration companies undertaking greenfields minerals exploration to distribute their tax losses as a refundable tax offset to investors who have purchased newly issued shares; and

to expand the existing statutory duty of the Australian Broadcasting Corporation (ABC) Board by including the requirement to be ‘fair’ and ‘balanced’ in relation to the gathering and presentation of news and information by the ABC.

to: amend the Australian Broadcasting Corporation (ABC) Charter to require the ABC to broadcast programs that contribute to a sense of regional and national identity, and inform and entertain, and reflect the geographic and cultural diversity of, the Australian community; provide that the ABC Board must have two members with a substantial connection to, or substantial experience in, a regional area through business, industry or community involvement; establish a Regional Advisory Council to advise the ABC Board; and require the ABC Board to report annually on a range of additional matters, including the total number of individuals employed in regional and metropolitan areas, and the journalist to support staff ratio of employees.